Find Post Investigations On:
Facebook Scribd Twitter
Friendfeed RSS Google Reader
» About This Blog | Meet the Investigative Team | Subscribe
Ongoing Investigation

Top Secret America

The Post explores the top secret world the government created in response to the attacks of Sept. 11.

Ongoing Investigation

The Hidden Life of Guns

How guns move through American society, from store counter to crime scene.

Have a Tip?

Talk to Us

If you have solid tips, news or documents on potential ethical violations or abuses of power, we want to know. Send us your suggestions.
• E-mail Us

Categories

Post Investigations
In-depth investigative news
and multimedia from The Washington Post.
• Special Reports
• The Blog

Reporters' Notebook
An insider's guide to investigative news: reporters offer insights on their stories.

The Daily Read
A daily look at investigative news of note across the Web.

Top Picks
A weekly review of the best
in-depth and investigative reports from across the nation.

Hot Documents
Court filings, letters, audits and other documents of interest.

D.C. Region
Post coverage of investigative news in Maryland, Virginia and the District.

Washington Watchdogs
A periodic look into official government investigations.

Help! What Is RSS?
Find out how to follow Post Investigations in your favorite RSS reader.

Hot Comments

Unfortunately I believe that we are limited in what we can focus on. I think that if we proceed with the partisan sideshow of prosecuting Bush admin. officials, healthcare will get lost in the brouhaha.
— Posted by denamom, Obama's Quandary...

Recent Posts
Bob Woodward

The Washington Post's permanent investigative unit was set up in 1982 under Bob Woodward.


Archives
See what you missed, find what you're looking for.
Blog Archive »
Investigations Archive »

Have a Tip?
Send us information on ethics violations or abuses of power.
E-Mail Us »

Other
Investigations
Notable investigative projects from other news outlets.
On the Web »
Top Picks »

Freddie Mac Documents, Lawyer Accused of Fraud, Tenants, Lenders Exposed to Scams

POSTED: 10:41 AM ET, 12/ 9/2008 by Chris Matthews

Good morning, and welcome to the Daily Read for Tuesday.

Revealing Freddie Mac Documents» Internal Freddie Mac documents show that senior executives were warned years ago that they were offering mortgages that could pose dangers to the firm, hurt borrowers and generate more risky loans throughout the industry... and Internal Freddie Mac budget records show $11.7 million was paid to 52 outside lobbyists and consultants in 2006.— Washington Post, Associated Press

Lawyer Accused in Hedge Fund Fraud » Federal authorities in New York arrested a prominent and powerful NY lawyer Sunday for his role in a $100 million fraud scheme, portraying his recent undertakings as more high-stakes grifting than high-end lawyering. — New York Times

Tenants, Lenders Exposed to Scams » The foreclosure debacle has pushed tens of thousands of D.C. area residents into the rental market, many with crippled credit and a desperate need for housing; waiting for them has been a new cast of swindlers, cheats and real estate sharks ready to prey on the weak and needy. — Washington Post

Military Leaders Left Troops Vulnerable » The Marine Corps left troops in Iraq vulnerable to deadly roadside bombs by failing to answer an urgent request from battlefield commanders for blast-resistant vehicles, according to an internal Pentagon investigation. — Associated Press

Former Pakistani Official Denies Terror Links» A former high-ranking Pakistani intelligence official denied allegations Monday that he had given advice and support to a Pakistani militant group linked to the attacks on the Indian city of Mumbai late last month. — Washington Post

Guard's Plea Helps Indict Others» The Justice Department largely built their case against the five Blackwater security guards charged with shooting Iraqi civilians around the chilling testimony of a sixth guard who plead guilty to manslaughter — New York Times

After the jump...

Best of the Rest

» College Board Lowered Prices for Loan Endorsements(ABC)
» Detective Says Teen Was Shackled to Fireplace, Tortured(AP)
» Hidden Travels of the Atomic Bomb(NYT)
» Education Department Reworks Privacy Regulations(WSJ)
» Rangel Disputes Ethics Allegations (WSJ)
» Congressman Gets 5 Days for Drunken Driving (AP)
» Guantanamo Detainees(NYT)

More on Mumbai

» Suspected Planner of Mumbai Attacks Seized in Raid (WaPo)
» Pakistan Detains Two Lashkar Leaders(WSJ)
» U.S. Seeks Financial Blacklist for Some Pakistanis(WSJ)

By Chris Matthews |  December 9, 2008; 10:41 AM ET The Daily Read
Previous: D.C. Region: Millions Flow to Former Councilman | Next: Tapping the Governor's Phone

Comments

Please email us to report offensive comments.



The media, as well as enforcement authorities are IGNORING the most lethal and needless factor of the mortgage crisis: White Collar foreclosure fraud. These kinds of foreclosures are needless due to the sheer fact that a NOT valid foreclosure proceeding creates the unlawful need for a family to look for some place else to live. Yet, false foreclosures are an alarming USA reality! Usually, it happens when debt collector attorneys unconscionably and intentionally file foreclosure cases under defunct mortgage companies, or under companies having no ownership of promissory notes. (Without an attorney filing foreclosure proceedings, petty scams for saving people’ homes would be meaningless.) Some collectors are even committing extortion by charging unfair fees far beyond the "Acceleration Clause," thereby making it impossible for borrowers to bring current their mortgage debts. When homeowners sue for "Unfair Debt Collection Practices," etc, the collectors are delighted because they make even more $$$$ through protracted litigations. (By the way, protracted foreclosure litigation is the cause for the Securities lawsuit, Super Future Equities v. Wells Fargo Bank, et al.) More specifically, in the State of Louisiana, Freddie Mac is involved in fraudulent foreclosures and flipping of properties via use of non-existent buyers / sellers. Certain foreclosure attorneys file falsified documents and foreclosures, as well as false bankruptcy "Lift Stay" motions in order to accomplish various acts of real estate frauds.

Real estate foreclosures are bonanzas of predatory and deceptive lending because these kind enable PROPERTY FLIPPING, and enables INVESTORS to be misled concerning housing markets. Succinctly, fraudulent foreclosures causes scores of people to unlawfully lose ownership of their properties. It is well past time for authorities to address this outrageous exploitation. For information and viewer comments see: “Foreclosure Fraud - An Interesting Variation of Mortgage Fraud - Comments Ethics Speaker Chuck Gallagher” http://chuckgallagher.wordpress.com/2008/01/03/foreclosure-fraud-an-interesting-variation-of-mortgage-fraud-comments-ethics-speaker-chuck-gallagher/
__________________
Barbara Ann Jackson

Posted by: lawgrace | December 12, 2008 1:30 AM

Post a Comment

We encourage users to analyze, comment on and even challenge washingtonpost.com's articles, blogs, reviews and multimedia features.

User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions.




characters remaining

 
 

© 2010 The Washington Post Company